Business

Charlotte is nation's largest city without lobbying rules

February 11, 2015

(The Charlotte Observer)

Following former Mayor Patrick Cannon's arrest on corruption charges, Charlotte City Council members have agreed to tighten the city's ethics policy but there has been little mention of adding transparency requirements for lobbyists. Other large cities, and some smaller ones, require lobbyists to register and report interactions with public officials. 

Whitaker Park developers ask Winston-Salem, Forsyth County for $8M

February 11, 2015

(Winston-Salem Journal)

The nonprofit corporation that plans to redevelop R.J. Reynolds Tobacco's Whitaker Park manufacturing campus has asked Forsyth County and the city of Winston-Salem for $8 million for infrastructure improvements on the 120-acre property. The group is likely to seek additional funding from other sources, including the N.C. Department of Transportation.

Eshelman invests in two RTP drug companies

February 11, 2015

(Greater Wilmington Business Journal)

Wilmington-based Eshelman Ventures, the latest project of PPD founder Fred Eshelman, announced two investments in Research Triangle Park pharmaceutical companies last week. The investment company was part of a $3.2 million round of financing for Dignify Therapeutics and also co-led a $33 million financing package for G1 Therapeutics.  

ZeekRewards receiver gains permission for class-action suit

February 11, 2015

(Winston-Salem Journal)

A federal judge gave the receiver in the ZeekRewards.com case permission to file a class-action lawsuit against about 9,400 "net winners" who gained at least $1,000 in the Lexington-based Ponzi scheme. Kenneth Bell said he expects to recover as much as $283 million from the net winners. Bell has already recovered more than $342 million and has paid out $147 million to victims. 

Planning commission approves North Raleigh Publix

February 11, 2015

(The News & Observer, Raleigh)

Raleigh's planning commission approved a proposal that would allow for 58,000 square feet of retail shops anchored by a Publix grocery store in North Raleigh. Raleigh City Council must now decide on the controversial rezoning, which neighbors say will increase traffic and could put other nearby food stores out of business.

Duke Energy looks toward solar expansion in SC

February 11, 2015

(The Charlotte Observer)

Duke Energy wants South Carolina regulators to approve a plan that will allow it to expand its solar offerings in the state. The plan would allow rebates of up to $5,000 for customers who install rooftop solar arrays and would allow the Charlotte-based utility to add up to 110 megawatts of solar energy by 2021.
Related: Duke Energy takes majority stake in solar firm

NC exports increased 7% in 2014

February 10, 2015

(Winston-Salem Journal)

North Carolina exported a record $31 billion in goods in 2014, according to data released by the U.S. Commerce Department. That's a 7% increase from 2013. The state's most significant exports were chemicals, machinery, transportation equipment, computer and electrical products and textiles.

NCDOT says Charlotte can decide on I-485 carpool lane

February 10, 2015

(The Charlotte Observer)

The N.C. Department of Transportation told Charlotte officials the state can open an unused lane of I-485 as a carpool lane if a regional transportation planning group requests it. The unused lane on Charlotte's outer belt is being reserved to create a toll lane, which won't open until 2019 or 2020.

UNC Hospitals denies claims it overbilled Medicare

February 10, 2015

(The News & Observer, Raleigh)

UNC Hospitals will appeal an audit report that shows it overbilled Medicare by about $2.5 million. The federal insurance program is demanding repayment from the health system, but UNC says that 56 of 59 total claims in question were billed correctly.

CLT will become overcrowded without expansion

February 10, 2015

(The Charlotte Observer)

Officials say Charlotte Douglas International Airport is near capacity and passengers will experience delays and congestion if city leaders don't approve a 20-year expansion plan. The airport predicts the number of passengers will grow at a rate that will make it comparable with Atlanta and Chicago O'Hare. Plans call for dozens of additional gates and construction of a fourth parallel runway.